Capital One Financial Comments on Kite Realty Group Trust’s Q1 2024 Earnings (NYSE:KRG)

Kite Realty Group Trust (NYSE:KRGGet Rating) – Research analysts at Capital One Financial issued their Q1 2024 earnings per share estimates for Kite Realty Group Trust in a note issued to investors on Wednesday, May 25th. Capital One Financial analyst C. Lucas forecasts that the real estate investment trust will post earnings of $0.45 per share for the quarter. Capital One Financial currently has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Kite Realty Group Trust’s FY2024 earnings at $1.87 EPS and FY2025 earnings at $1.97 EPS.

Kite Realty Group Trust (NYSE:KRGGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.48). Kite Realty Group Trust had a negative net margin of 24.52% and a negative return on equity of 4.77%. During the same quarter last year, the firm posted $0.34 earnings per share.

KRG has been the subject of a number of other research reports. StockNews.com initiated coverage on shares of Kite Realty Group Trust in a research report on Thursday, March 31st. They set a “sell” rating for the company. Raymond James lifted their target price on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 11th. Zacks Investment Research cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, KeyCorp lifted their target price on shares of Kite Realty Group Trust from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Kite Realty Group Trust currently has an average rating of “Buy” and an average price target of $25.71.

Shares of KRG opened at $20.54 on Thursday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.81. The stock has a market cap of $4.50 billion, a P/E ratio of -30.21, a PEG ratio of 1.38 and a beta of 1.25. The company has a 50-day moving average of $21.89 and a two-hundred day moving average of $21.66. Kite Realty Group Trust has a 12-month low of $18.42 and a 12-month high of $23.35.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 8th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, July 7th. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.20. Kite Realty Group Trust’s payout ratio is currently -117.65%.

Several large investors have recently bought and sold shares of KRG. Accel Wealth Management purchased a new stake in Kite Realty Group Trust in the fourth quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. purchased a new stake in Kite Realty Group Trust in the first quarter valued at approximately $33,000. EverSource Wealth Advisors LLC purchased a new stake in Kite Realty Group Trust in the fourth quarter valued at approximately $36,000. Covestor Ltd grew its holdings in Kite Realty Group Trust by 7,854.2% in the first quarter. Covestor Ltd now owns 1,909 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,885 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in Kite Realty Group Trust by 2,050.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,129 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 2,030 shares during the period. 90.42% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Company Profile (Get Rating)

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

See Also

Earnings History and Estimates for Kite Realty Group Trust (NYSE:KRG)

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